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Steel Mint

SAIL's Performance in Q1 FY22

10, Aug 2021
The government-owned Steel Authority of India Limited (SAIL) crude steel production fell by 16% q-o-q to 3.77 million tonnes (mn t) compared to 4.56 mn t in Q4FY'21. The sales volumes of the company in Q1 have come down by 25% to 3.327 mn t as compared to 4.435 mn t in Q4 of the previous fiscal.
Reporting an EBIDTA of INR 6,674 crores, the company witnessed a 3% growth against INR 6,473 crores in Q4FY'21. However, the steelmaker had incurred losses of INR 125 crores in Q1 of the previous fiscal because of the Covid-19-led nationwide lockdown.